Buildan Development Limited was formed on July 19, 2006 under Cayman Island law, for the purpose of developing and investing in aviation and logistics related businesses, as well as real estate projects, located primarily in and around the new Al Maktoum International Airport developed by Dubai World Central – an area covering approximately 144 square kilometers. Buildan is a UAE-focused investment holding company with an initial capitalization of US$ 180 million. The company has nine founding partners, of which Daman Investments is one. The partners are GCC based (from Iraq, Kuwait, Saudi Arabia, UAE) and are a mix of private and public sector institutions and high net worth individuals.
Buildan works through direct investment, partnerships, venture capital and infrastructure investments.